A Fortune 100 Global Financial Services Company was making significant investments in Big Data for its Global Corporate Payments business unit: They were looking to add strategic capabilities based on revealed patterns and trends in analyzing their extremely large data sets.
The Business Problem
There was a need to establish and mobilize a solid program/value management and governance organization to plan, track and measure the success of the investment.
In partnership with Liberty Advisor Group, the Fortune 100 Global Financial Services Company’s business and technology teams revamped their operating and execution model for Big Data governance, investment and value management: They developed an organization that provided critical transparency on the investment to corporate stakeholders.
The execution model focused in the following areas:
Established a program governance model with defined work-streams each with a single business and technology owner: The governance model established clear accountability and decision-making responsibilities across multiple functional areas.
A dedicated program management function was put in place to drive flawless execution. It established best in class project planning, issue/risk/financial management, and communications across key stakeholders.
Established practices to ensure focus on realizing business benefits and maximize value from investments.
Liberty Advisor Group enables financial services firms to navigate a rapidly changing industry. Liberty has deep experience working with global financial services firms across product development, operations, and technology to solve their most complex problems and create value through our outcomes-based approach